Allspring Global Investments Holdings LLC Purchases 290,269 Shares of PIMCO Municipal Income Fund II $PML

Allspring Global Investments Holdings LLC lifted its position in PIMCO Municipal Income Fund II (NYSE:PML) by 49.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 880,651 shares of the investment management company’s stock after purchasing an additional 290,269 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in PIMCO Municipal Income Fund II were worth $6,640,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PML. Comerica Bank grew its holdings in shares of PIMCO Municipal Income Fund II by 49.7% in the 1st quarter. Comerica Bank now owns 4,353 shares of the investment management company’s stock worth $35,000 after purchasing an additional 1,446 shares during the last quarter. Focus Partners Wealth bought a new stake in PIMCO Municipal Income Fund II during the 1st quarter worth about $202,000. Beacon Pointe Advisors LLC bought a new stake in PIMCO Municipal Income Fund II during the 2nd quarter worth about $93,000. Jane Street Group LLC bought a new stake in PIMCO Municipal Income Fund II during the 2nd quarter worth about $101,000. Finally, Bank of America Corp DE grew its holdings in PIMCO Municipal Income Fund II by 23.8% during the 2nd quarter. Bank of America Corp DE now owns 107,431 shares of the investment management company’s stock worth $800,000 after acquiring an additional 20,678 shares during the last quarter.

Insider Buying and Selling

In related news, Director Sonya Morris acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, March 25th. The shares were purchased at an average price of $7.48 per share, with a total value of $37,400.00. Following the acquisition, the director directly owned 5,000 shares in the company, valued at $37,400. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.

PIMCO Municipal Income Fund II Price Performance

Shares of NYSE:PML opened at $7.37 on Tuesday. PIMCO Municipal Income Fund II has a 12 month low of $7.10 and a 12 month high of $8.01. The company’s 50-day moving average price is $7.68 and its two-hundred day moving average price is $7.72.

PIMCO Municipal Income Fund II Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Friday, May 1st. Shareholders of record on Monday, April 13th will be issued a dividend of $0.0395 per share. The ex-dividend date of this dividend is Monday, April 13th. This represents a c) dividend on an annualized basis and a yield of 6.4%.

PIMCO Municipal Income Fund II Profile

PIMCO Municipal Income Fund II (NYSE: PML) is a closed-end management investment company that seeks to provide a high level of current income exempt from federal income tax. The fund primarily invests in a diversified portfolio of municipal securities, including both investment-grade and below-investment-grade bonds issued by state and local governments, as well as other public entities. By focusing on the municipal market, the fund aims to offer tax-advantaged income to investors, particularly those in higher federal tax brackets.

The fund’s portfolio construction emphasizes rigorous credit analysis, sector diversification, and maturity management to balance income objectives with risk controls.